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Waterway Corporation had net sales of $2,412,400 and interest revenue of $36,500 during 2025 . Expenses for 2025 were cost of goods sold $1,467,400, administrative

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Waterway Corporation had net sales of $2,412,400 and interest revenue of $36,500 during 2025 . Expenses for 2025 were cost of goods sold $1,467,400, administrative expenses $215,800, selling expenses $280,100, and interest expense $48,200. Watenway's tax rate is 30%. The corporation had 103,900 shares of common stock authorized and 43,740 shares issued and outstanding during 2025. Prepare a single-step income statement for the year ended December 31, 2025. (Round earnings per share to 2 decimal places, e.s. 1.48.) Dividends Earnings per Share Expenses Net Income / (Loss) Net Sales Retained Earnings, January 1 Retained Earnings, December 31 Revenues Total Expenses Total Revenues Waterway Corporation had net sales of $2,412,400 and interest revenue of $36,500 during 2025 . Expenses for 2025 were cost of goods sold $1,467,400, administrative expenses $215,800, selling expenses $280,100, and interest expense $48,200. Watenway's tax rate is 30%. The corporation had 103,900 shares of common stock authorized and 43,740 shares issued and outstanding during 2025. Prepare a single-step income statement for the year ended December 31, 2025. (Round earnings per share to 2 decimal places, e.s. 1.48.) Dividends Earnings per Share Expenses Net Income / (Loss) Net Sales Retained Earnings, January 1 Retained Earnings, December 31 Revenues Total Expenses Total Revenues

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